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★ѕραndavir ★ѕραndavir
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6 years ago
A $1 increase in high-powered money raises the quantity of deposits until
A) all of that increase in high-powered money is held as required reserves.
B) required reserves fall back down to zero.
C) required reserves rise back up to zero.
D) deposits rise by $1.
E) GDP rises by $1 times the income-determination multiplier.
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Macroeconomics

Macroeconomics


Edition: 12th
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supersuinegsupersuineg
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5 years ago
A good answer to a tough question
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